I think if you are employed under permanent basis, susah nak buat your salary to be paid based on SO/PO.

This is fresh off the boat from an official source. A fabrication yard located in the south of peninsular malaysia is offering VSS to 100 of its staffs.

MMHE?

I thought they had a few VSS/layoff before lat year, no?

Yes they did. Here comes another round.

they got new job oso vss somemore arr?

New job not big enough- f12 WHP is not enough to sustain

Tak cukup nak cover overhead bro. Exisiting onshore fab from Rapid pun mana cukup

Btw this news is confirmed.. 1*month per yr of service

Thanks for sharing, insightful indeed.

This section looks like VDP vendors are going to be facing some real tough competition:

Oilfield Services Provider Weatherford to Cut 6,000 Jobs - See more at: http://www.rigzone.com/news/oil_gas/a/1428...h.DDKS500j.dpuf

Feb 3 (Reuters) - Weatherford International Plc said it would cut about 6,000 jobs in the first half of 2016 as a steep drop in oil prices hurts drilling and exploration activity. The oilfield services provider, which had about 56,000 employees at the end of 2014, cut about 14,000 jobs in 2015. The company also set a capital expenditure target of $300 million for this year, about 56 percent lower than its 2015 spending.

Bro mhyug, hopefully not involve employees in Malaysia...

if you think only MY shipyards are affected by the crisis....


Keppel axes over 6,000 O&M workers as contracts dry up

It needs to rightsize to stay afloat.

Keppel Corporation’s shrinking staff numbers paint a disheartening picture of its battered offshore and marine segment. In its latest earnings presentation, Keppel reported that it has let go of about 6,000 direct staff in its local and overseas yards since January 2015, in a bid to slash costs and optimise its current operations.

Meanwhile, the size of its Singapore subcontract workforce has dropped by about 7,900 workers, representing a fourth of Keppel O&M’s subcontract employees.

Keppel suffered a wave of contract deferrals in the past year. It started the 2015 with the expected deliveries of 15 drilling jackup rigs, but eight of these have since been pushed into 2016.

“Bracing ourselves for a possibly long winter, we need to ensure that our overheads are well under control and that we are ready if the market conditions get tougher. We are preparing ourselves to meet the near term challenges by rightsizing our operations and resources,” said Keppel CEO Loh Chin Hua at the group’s earnings presentation.

Although Keppel is focussed on reducing costs, Loh stressed that it is still investing prudently in R&D as well as improving its productivity and core competencies.
“The storm hitting the offshore and marine business is not one which we are unfamiliar. Keppel had braved through many cycles, emerging stronger and more resilient each time,” Loh said.

in 2013, Keppel completed and delivered 21 offshore rigs to customers and booked a place in Guinness World record book.... see how bad they becoming now..

yeah, heard last year bonus also much much lower than previous years....

Hi,

May I ask if Paradigm Geophysical is a good ong software company ? How is the working environment in IT Dept based in KL ? Is the IT support need to travel to onshore and offshore to do support on the IT ?

Is is contract based for their IT position?

This post has been edited by HappyHampers: Feb 4 2016, 12:48 PM

ExxonMobil and Caltex announced already.. serious wounded
Today gonna be Shell announcement

Boleh tahan jugak kena gerudi masa F2F session tadi with BP. Interesting session. Harap sangkut so that I can add another project reference in my portfolio.

Esok malam skype tebiu pulak with Wabag India team. Anyone from Nalco/GE-Betz/Veolia/Kurita/MECAS who has experience in WWTP/effluent/sewage construction? Dulu masa jadi Buyer with PPTSB I regularly purchased inhibitors & chemicals treatment, my knowledge in this area is kinda limited. Heeee.

Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years.
It made $1.8bn (£1.23bn) for the fourth quarter of the year, compared with a $3.3bn profit for the same period the year before.
Full-year 2015 earnings were $3.8bn, compared with $19bn in 2014.
The oil firm indicated it would report a massive drop in profits two weeks ago.
Last month, shareholders in Shell, which is Europe's largest oil company, voted in favour of its takeover of smaller rival BG Group.
It said it would cut 10,000 staff if that deal went ahead and said synergies though its tie-up with BG would be on top of the cost savings already outlined.
Shell said it had cut operating costs by $4bn, or around 10%, in 2015, and expected to cut costs by a further $3bn this year.
Its chief executive, Ben van Beurden, said the company would take further action if necessary: "Shell will take further impactful decisions to manage through the oil price downturn, should conditions warrant that."
At the time of the proposed BG tie-up, oil was trading at about $55 a barrel, but has fallen sharply since then and is currently trading at about $30 a barrel, leading some shareholders to oppose the plan.
Standard Life, a key investor in Royal Dutch Shell, said earlier this month that the price of oil needed to be $60 a barrel for the takeover to make financial sense.
The company cut back hard on investment over the year, while capital spending for the year was slashed to $28.9bn, $8.4bn lower than in 2014.
Shell sold $5.5bn worth of assets in the course of 2015 and is planning to sell another $30bn of assets.
Shell's results are calculated on the basis of replacement cost, which reflects the current cost of supplies and is widely seen as the best measure of an oil firm's underlying performance.

Just now i saw an opening from Shell for Senior Geologist roles LOL I do have that particular recruiter email lady from Shell as she approached me last year for Shell MDS opening.

Don't understand why they hire when they are firing.. They can get junior & Experienced hire later on easily.

ini kes nak upgrade wwtp dekat plant kat utara port klang ke?